Zcash Surges Past $1,600 Following Launch of Europe's First ZEC ETP

Key Facts

In a move reflecting growing institutional adoption of privacy-focused cryptocurrencies, Zcash has surged past the $1,600 threshold for the first time since 2016. According to reports, the asset gained 8% within a 24-hour period, triggered by 21shares listing Europe's first Zcash exchange-traded product (ETP). This new investment vehicle was launched on the Euronext Paris and Amsterdam exchanges, significantly lowering the barrier for European institutional entry into the asset class.

This price momentum occurs as digital assets gain further legitimacy through regulated financial wrappers. Per market data, Euronext (traded as ERNXY) saw its shares close at $36.7 on September 22, 2026. The availability of ZEC-backed products across two continents has provided a substantial liquidity boost, helping the cryptocurrency maintain its upward trajectory following the successful European listing of the physically-backed ETP.

Looking ahead, market participants are watching for price consolidation above recent support levels after ZEC cleared its previous year-to-date high. With ERNXY priced at $36.7 at the close of September 22, 2026, the focus remains on whether European inflows will match recent U.S. demand. Investors should also monitor the EU Inflation Rate data scheduled for release today, September 23, as a potential macro catalyst for broader market sentiment.